Member Info for Primetime51

Grezzz Thanks

I'm still pining BP turn around on Elliott to wave his wand

gla

Https://www.cnbc.com/2025/06/02/oil-giant-bp-seeks-to-fend-off-a-takeover-as-buyers-circle-for-castrol.html

Behind fire wall if anyone can get to the story & copy .

Thanks gla

Could a slight re rate be on the cards.

1st were is poo going to end up

2nd do BP get top end for the sale of Castrol

3rd what else is sold to get debt down

4th when is head count coming down

5th or maybe the 1st when is Murray going ?

Yep, that's my plan. In fact if the SP is down again tomorrow

My plan is to keep buying on any down days from here to get a big enough holding to exit @ £4/ £4.20 depends on how big holdings are while the Dividends roll in

DYOR GLA

Right now, there are not a lot of positives

BP sp down Poo down , Dividend good @ this price

BP will have it's day in the Sun again just have to collect your dividends & wait it out

GLA

The double whammy of OPEC+’s unpredictability and Donald Trump’s heated rhetoric over China ‘totally violating its agreement’ with the US put oil prices under renewed pressure, sending ICE Brent slightly below $64 per barrel with WTI balancing on the edge of the $60 per barrel threshold. Should the weekend bring an OPEC+ surprise of a bigger-than-expected unwinding, the downslide could very well continue in the first week of June.

OPEC+ Wants to Shock the Oil Market Even More. Whilst oil markets are more or less anticipating a 411,000 b/d increase from the ‘Great Eight’ of OPEC+ in July, Saudi Arabia and Russia are considering potentially hiking output even more, partly to punish over-producers such as Kazakhstan.

You can bet that poo is being shorted

Well it's all down to Opec this weekend to see were poo heads Monday

GLA

Hands off our pensions! Reeves can boost investment without dictating where we put our life savings

Https://uk.investing.com/news/stock-market-news/bps-castrol-sale-progresses-but-valuation-may-disappoint--jefferies-4109230

US crude inventories fell by 4.2 million barrels last week, according to API data.

On the supply side, markets are watching for possible new US sanctions on Russian crude, while optimism fades for a US-Iran nuclear deal. Additionally, Libya, an OPEC member, threatened to halt oil production after a militia stormed the state oil firm’s HQ. Chevron also halted output and exports in Venezuela after its US license was revoked, disrupting over a third of the country’s crude shipments. Investors now await Saturday’s OPEC+ decision on July output, with expectations of a 411,000 bpd increase that may cap further price gains.

Really do not know what Opec's end game is here regain market share destroy US drillers ?

Hope they pay the 10 billion plus off the debt

Will paying of the debt by 10 Billion compensate on revenue loss from Castrol i.e interest on 10 billion against what profit we make from Castrol ? Trying to weigh up the pros & cons

Brent crude oil futures rose to around $65.7 per barrel, marking a second consecutive session of gains, supported by reduced tariff risks and prospects of tighter supply. On Wednesday, the US Court of International Trade ruled that President Trump exceeded his authority in imposing global tariffs, declaring them unlawful and ordering their removal. While the administration is expected to appeal, the decision helped reduce trade-related uncertainties and lifted the outlook for global oil demand. On the supply side, markets are watching for possible new US sanctions on Russian crude, though analysts remain skeptical they would significantly curb exports. Meanwhile, OPEC+ may decide on Saturday to speed up oil production increases for July. Adding to supply pressures, Chevron halted oil production and exports in Venezuela after its US license was revoked, disrupting over a third of the country’s crude shipments. Investors now await weekly oil inventory reports from the API and the EIA.

Https://www.thisismoney.co.uk/money/comment/article-14754629/Britains-economy-stuck-slow-lane-Government-keeps-shifting-goalposts-says-ALEX-BRUMMER.html

Imo Change would not have happened if Elliott was not on board as i say just my opinion DYOR as always .

Going to be a long ride if Opec add another 411,000 barrels per day production hike

I would think Murray's bottom is squeaking as if he was to be pushed out who would employ someone that over saw the demise of one of the ftse's largest company's . He has to play ball with Elliott no if's or but's the changes are coming.

Shame more @ the top are not going

GLA

BP's future now rests in Elliott's hands

That & the price of poo i'm sticking for the Elliott changes it will take time but will start to come through.

Spoke to my son & his friend @ BP recons 30% to 40% going in his department bottom end of food chain always the case

Meanwhile, Iran on Monday rejected suspending uranium enrichment as part of a nuclear deal with the US, just days after Trump hinted agreement may be imminent. Iranian President Masoud Pezeshkian also said that Iran would be fine even if the sides are unable to come to a deal. A failure in the nuclear talks would mean continued sanctions on Iran, which would restrict Iranian oil supply and provide support to oil prices.

What's a matter with these people they have to come to some sort of agreement or Israel will no doubt put a stop to the enrichment. The world has been turned upside down we need peace not wars

Nope right bb time to change my Meds

Sorry wrong bb

@ Thumper 😂 😂 😂

I knew that dog was trouble seems to be going trough life like i did 😂